1. Fees received in advance from clients $6,390, which were recorded as revenue. 2. Services performed for clients that were not recorded by December 31,$5,111. 3. Bad debt expense for the year is $1,434. 4. Insurance expired during the year $443. 5. Equipment is being depreciated at 10% per year. 6. Donald gave the bank a 90-day, 10% note for $7,200 on December 1,2025. 7. Rent of the building is $732 per month. The rent for 2025 has been paid, as has that for January 2026 , and recorded as Rent Expense. 8. Office salaries and wages earned but unpaid December 31,2025,$2,510. Prepare an income statement for 2025 . (Enter loss using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) DONALD CONSULTING ENGINEER Income Statement For the Year Ended December 31, 2025 Revenues Service Revenue $112183 Expenses Rent Expense $ 8784 Salaries and Wages Expense \begin{tabular}{|l|l|} \hline 36900 & i \\ \hline \end{tabular} Utilities Expenses \begin{tabular}{|l|l|} \hline 1780 & 1 \\ \hline \end{tabular} Office Expense \begin{tabular}{|l|l|} \hline 670 & 1 \\ \hline \end{tabular} Depreciation Expense \begin{tabular}{|l|l|} \hline 3010 & 1 \\ \hline \end{tabular} Insurance Expense \begin{tabular}{|l|l|} \hline 443 & i \\ \hline \end{tabular} Bad Debt Expense \begin{tabular}{|l|l|} \hline 1434 & 1 \\ \hline \end{tabular} Interest Expense Total Expenses Net Income / (Loss) \begin{tabular}{|l|l|} \hline 60 \\ \hline i \\ \hline \end{tabular} Prepare a retained earnings statement for 2025 . Donald paid a $17,000 cash dividend during the year (recorded in Retained Earnings). (List items that increase retained earnings first.)